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Tag: "2022"

Monday, August 1, 2022

| August 1, 2022

Beasley Broadcast Group 2022 Q2 Net Revenue Rises 8.8%. The first radio-based audio firm to report 2022 second quarter financial data is Beasley Broadcast Group, which reveals net revenue of $64.8 million, an increase of 8.8% over the same period in 2021. The company also reports an operating loss of $5.4 million and a net loss of $14.5 million and explains the losses saying, “The operating loss in the second quarter of 2022 primarily reflects an $8.6 million non-cash impairment loss due to an increase in the discount rate used in the analyses to estimate the fair value of FCC licenses and goodwill in a rising interest rate environment. For the comparable three months ended June 30, 2021, the company recorded $1.5 million of other operating income, net from life insurance proceeds related to the death of George Beasley, the company’s former chairman. As a result of these factors, Beasley reported a net loss of $14.5 million, or a negative $0.48 per diluted share, in the three months ended June 30, 2022, compared to net income of $0.2 million, or $0.01 per diluted share, in the three months ended June 30, 2021.” Beasley CEO Caroline Beasley states, “Beasley delivered another period of strong top-line results in the second quarter, reflecting solid year-over-year growth across all of our revenue sources. Net revenue increased 8.8%, inclusive of a 4.3% rise in audio revenue and a 34.3% rise in digital revenue, with digital accounting for 16.5% of second quarter net revenue. Digital remains a central component of our revenue diversification strategy, and the momentum we are seeing in our digital business is further underpinned by our ability to grow digital revenue 37% on a quarterly sequential basis, while also improving our digital margin. Our new business performance was robust this quarter, as we recorded $7.8 million in new business revenue, representing a 60% increase from the first quarter of 2022 and 16% growth over the comparable prior year period. In addition, we acquired a small white label digital agency at the end of June, which will immediately contribute positive cash flow and synergies. We believe these results continue to demonstrate the inaccuracy of the perception that radio is more challenged than other segments of the technology, media, and telecom sectors… We are keeping a close eye on the declining economic environment and initiated cost reductions beginning in the second quarter. Looking ahead, we will continue to focus on controlling what we can control, maximizing our growth opportunities, managing our expenses and capital structure, serving our audiences and advertisers and delivering results for our stockholders.”

Monday Memo: Review Airchecks…Later. As “automation and syndication have made radio less-local,” consultant Holland Cooke calls talent coaching “a lost art”; and he uses this week’s column to offer tips “for hosts and DJs who feel neglected.” Read more here.

 

Pending Business: The One Thing Every Advertiser Should Know. Radio sales pro Steve Lapa says that any radio seller who wants to be successful has to answer the following question: “What is the one ‘thing’ every advertiser should know about my on-air talent?” In other words, what is the unique selling point that can be connected to your on-air talent and only the talent you represent. Read his column here.

Alex Silverman to Lead Programming at All-News KNX-AM/FM, Los Angeles. News radio programming pro Alex Silverman is moving to Audacy’s KNX-AM/FM, Los Angeles to serve as director of news and programming, effective September 19. He’s been serving with the company as brand manager for the company’s all-news KYW-AM/FM, Philadelphia since 2018. Prior to that, he was assistant director of news and programming at Audacy’s WCBS-AM, New York. In his new role at KNX, Silverman will “oversee the station’s editorial strategy and newsroom, including broadcast and digital operations, with an eye towards audience and revenue growth and engagement on all platforms.” Silverman states, “KNX News is iconic. I can’t wait to work with the amazing team to build the future of the brand and set the agenda for news coverage in Southern California. Thank you to Jeff Federman, Chris Ebbott, Jeff Sottolano and Bill Smee for their confidence in me and commitment to impactful local journalism.” Silverman is a graduate of Syracuse University’s S.I. Newhouse School of Public Communications. He serves on the board of directors of the Radio Television Digital News Association and has been an adjunct instructor at Fordham University, where he designed a course titled, “Social Media for Journalists.” Silverman takes over the role from Ken Charles, who did not renew his contract with the company.

Dwight Jaynes Joins Afternoon Show on ‘Rip City Sports Radio 620.’ Sports talk host Dwight Jaynes is joining Chad Doing at iHeartMedia’s KPOJ, Portland “Rip City Radio 620” as co-host of the “Rip City Drive” program that airs from 3:00 pm to 6:00 pm. Jaynes, also known as “The Godfather,” spent 25 years as a sports columnist for the Oregon Journal and The Oregonian covering the NBA’s Trail Blazers and has co-written two books about the team. He also spent 11 years at NBC Sports Northwest, hosting “Talkin’ Ball” and “Posting Up.” Prior to that, Jaynes hosted the “Morning Sports Page” show alongside Doing on KXTG-FM, Portland. Doing says, “I am thrilled to be reunited with my former partner. Dwight is a Hall of Famer for good reason – no one has more experience covering Oregon sports. I look forward to making compelling radio with him every day. His sports knowledge and storytelling are unmatched.” Jaynes comments, “I am beyond excited to return to sports talk radio – especially with my old partner Chad Doing – who I believe to be one of the best in the country. The best part of our shows has always been our willingness to take on the tough issues – sports or otherwise – and find creative ways to shape discussion and opinion. At the same time, you never quite know what we’re going to do next… because we don’t!”

Clay Travis & Buck Sexton Interview Trump at LIV Golf Tourney in Bedminster, New Jersey. Pictured above with former President Donald Trump are Premiere Networks syndicated talk hosts Clay Travis (left) and Buck Sexton (right) at the Trump National Golf Club in Bedminster, New Jersey, the site of the LIV Golf tournament. Trump joined the duo live on their show discussing such topics as recession, China and Taiwan, and whether he’ll run for president in 2024, about which he said, “Very hard for me not to run to be honest. And also the polls indicate from the Republican standpoint it would be easy. And I think I was up 11 points on Biden the other day… I don’t know why 11… If you guys ran, you’d be up more than 11… In my mind, I’ve already made the decision.”

Stacey Thomas Named Director of Marketing for iHeartMedia Philly. Eighteen-year iHeartMedia Philadelphia staffer Stacey Thomas is promoted to director of marketing and promotions for the cluster that includes sports talk WDAS-AM “The Gambler” and WTEL “BIN: Black Information Network.” In this role, Thomas will oversee the Philadelphia brand portfolio and will be responsible for developing, planning, and directing all marketing and promotions efforts. She previously served the cluster as media integration director. iHeartMedia Philadelphia market president Jeff Moore says, “It has been remarkable working alongside Stacey and watching her persevere through numerous changes and challenges. A tireless worker who puts the needs of iHeart Philly above all else will now get the chance to put her stamp on the promotions department in a time when making deep and meaningful relationships with our audiences and partners couldn’t be more important.”

Ava Lynn LaRue Named Inaugural MIW Mentee in Minnesota. The Mentoring and Inspiring Women in Radio, Inc and the Minnesota Broadcasters Association announce that Ava Lynn LaRue is named the inaugural mentee for the “MIW Mentoring and Inspiring Women in Minnesota” program. This partnership between the two organizations is led by MBA president Wendy Paulson and is MIW’s newest mentoring opportunity and the start of its three-to-five year strategic plan to partner with state broadcast associations across the United States and assist in building in-house, ongoing programs devoted to coaching and guiding the next generation of radio professionals. LaRue is the station manager for Q-Media Group, LLC in Red Wing, Minnesota. MIW board president Ruth Presslaff says, “Lightning struck twice! Partnering with Wendy has been positive, productive, and way fun. And then to meet the powerhouse Ava LaRue and have the opportunity to work with her is what the MIWs are all about. Thanks MBA, Wendy, and Ava!” Paulson adds, “A huge ‘thank you’ to all of the incredible women who applied to participate in the 2022 ‘MIW Mentoring and Inspiring Women in Minnesota’ program! The judging committee was blown away by the depth of talented women that applied to be part of this pilot mentorship program!”

Biden’s Energy & Health Bill, Inflation Reduction Act, November Midterms/2024 Presidential Race, COVID-19/Biden Positive Again, Pelosi’s Asia Trip, Russia-Ukraine War/Global Food Crisis, Deadly Kentucky Floods/Western Wildfires, Monkeypox, and Nichelle Nichols & Bill Russell Die Among Top News/Talk Stories Over the Weekend. The fate of President Joe Biden’s energy & healthcare bill; debate over the SchumerManchin authored Inflation Reduction Act; November’s midterm elections and the 2024 presidential race; the rate of BA.5 subvariant infections in the U.S. and Biden’s testing positive again; House Speaker Nancy Pelosi’s trip to Asia and China’s threats if she visits Taiwan; the Russia-Ukraine war and its effects on the global food supply; the continuing threats of flooding in Eastern Kentucky and the Western wildfires; the growing monkeypox epidemic; and actress Nichelle Nichols and basketball legend Bill Russell pass away were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.  

Wednesday, October 13, 2021

| October 13, 2021

New York Festivals Announces 2021 Radio Winners. The 2021 Storytellers Gala award-winners from the New York Festivals Radio Awards have been announced. NYFestivals says the world-class audio work created by global storytellers from 30-plus countries was honored at the Storytellers Gala virtual event held yesterday (10/12). New York Festivals Radio Awards Grand Jury honored content creators across all platforms and in all genres and awarded in total 3 Grand Awards, 48 NYF Gold Radio trophies, 46 Silver and 49 Bronze. This year is the 11th year of NYF’s strategic partnership with NAB Show, the ultimate marketplace for people passionate about media, entertainment, and technology. The 2021 Grand Awards were: “I’m Not A Monster” from BBC Panorama & FRONTLINE PBS in the News Programs: Best Nonfiction Series category. The 10-part series explores journalist Josh Baker’s four-year odyssey to uncover the complex truth about an American family’s journey from Indiana to the Islamic State’s caliphate and back again to the US; The Hobbit, By J.R.R. Tolkien, Read by Andy Serkis in the Audio Books: Best Narration – Solo category. The new Hobbit recording was inspired by an extraordinary charity effort that raised over £300k for Coronavirus charities. This led to actor Andy Serkis narrating this newest recording of The Hobbit. Serkis, who voiced “Gollum” in the film recorded this magical performance of the classic text with affinity for the Tolkien world; and “Weightless” in the Podcasts: Drama Podcast category. The podcast tells the story of a character who has reached a critical moment in his life and deceives himself by telling a story that abounds with emotions, memories, and sensations. “Weightless” uses sound elements and song samples from different periods of the character’s life to illustrate his epic journey. See the complete list of winners here.

BIA Advisory Services: Radio Revenue ‘Getting Close’ to Pre-Pandemic Levels. This comes from BIA Advisory Services SVP and chief economist Mark Fratrik in a press release for the firm’s 2022 U.S. Local Advertising Forecast, released today (10/13). Fratrik says the forecast sees a rise in local radio advertising revenue next year and is expected to generate $12.7 billion split between over-the-air ($11 billion) and digital ($1.7 billion). By 2026 radio digital revenues are expected to reach $2.4 billion, while OTA goes up and down with the even political years and ends at $11.7 in 2026. “Radio isn’t faring as well as local broadcast TV, and it doesn’t get the same bump as TV in political years,” says Fratrik. “But it is getting close to its pre-pandemic levels as people continue to return to work commutes and traveling by car.” For ad revenue for all media in the U.S., the 2022 forecast says that for the first-time mobile advertising spending will surpass direct mail as the top media advertising platform in 2022. The overall local U.S. advertising market is expected to reach $161.5 billion – a 10.1 % year-over-year growth – buoyed by overall strong economic tailwinds coming out of 2021. The forecast says that traditional media revenue will account for $84.6 billion and digital media will be close behind at $76.8. BIA also says it anticipates $7.5 billion of the sum will come from political advertising during a strong election season.

Salem Podcast Network Launches ‘The Doug Collins Podccast.’ A new podcast hosted by former Georgia Republican Congressman Doug Collins is being added to the shows distributed by Salem Media Group’s Salem Podcast Network, effective October 25. Salem SVP of spoken word Phil Boyce says, “For years, I was so impressed with Doug Collins as a Congressman. When we had the opportunity to bring him over to the Salem Podcast Network, we moved fast. He will be a great addition to our lineup and will help us save the country we all love.” Collins is publishing his first book in November that looks at the first impeachment of former President Donald Trump, titled, The Clock and The Calendar. Collins comments, “I am excited to be hosting a podcast that will give conservatives the tools they need to go out into the marketplace of ideas and stand up for what we believe in. Our country desperately needs to hear how a little idea that started with our Founding Fathers — the pursuit of happiness — has shaped our country into who we are today: the best nation in the world. This podcast will explore all topics ranging from politics to life advice and will blend them together for a well-rounded discussion that people can listen to and use to get the most out of life.”

Buck Sexton Honored by The Metropolitan Republican Club of New York. Last Friday evening (10/8), Premiere Networks personality Buck Sexton (left), co-host of “The Clay Travis & Buck Sexton Show,” was honored by The Metropolitan Republican Club, the largest GOP club in New York (est. 1902), at the 118th annual Metropolitan Dinner held at The Union League Club of New York City. Other honorees included Rep. Nancy Mace (R-SC), who received the Teddy Roosevelt Award, and Steve Forbes (right), chairman and editor-in-chief of Forbes Media, who received the Ronald Reagan Award For Individual Liberty. Photo: Jessica Glick Photography

2022 iHeartRadio Podcast Award Nominees Announced. The nominees for the 2022 edition of iHeartMedia’s iHeartRadio Podcast Awards have been announced. The ceremony is set to take place on January 13, 2022 at the iHeartRadio Theater Los Angeles and “will honor the very best in podcasting throughout 2021, celebrating the most innovative talent and content creators in the industry.” iHeartMedia goes on to say, “During the COVID-19 pandemic, the podcast industry saw a record number of podcasts being created and listened to, continuing to push the industry forward with more than 160 million people having listened to a podcast this year alone.” Nominees include “Code Switch,” “Conan O’Brien Needs a Friend,” “Crime Junkie,” “Louder Than a Riot,” “Office Ladies,” “SmartLess,” “Stuff You Should Know,” “The Daily,” “The Midnight Miracle” and “You’re Wrong About.” Voting runs December 13 through January 2, 2022. See more info and a complete list of nominees here. Conal Byrne, CEO of iHeartMedia’s digital audio group says, “We are excited to be back live for year four of the iHeartRadio Podcast Awards to recognize all the amazing content and talent that the podcasting medium has produced this past year. Podcast listening has continued to soar across the U.S., seeing a nearly 60% increase in monthly listeners since our first awards show was announced in 2018, filling this industry with more diversity and innovation than ever before. We look forward to honoring these major advancements in-person during the 2022 iHeartRadio Podcast Awards this January.”

TALKERS News Notes. Conservative news organization Newsmax announces that it has opened a Middle East bureau that’s being led by veteran news anchor Daniel Cohen based in Tel Aviv. Newsmax CEO Chris Ruddy says, “The Middle East is extremely important regarding geo-political issues and for American interests. We’re pleased to have Daniel Cohen, a savvy, experienced news anchor with a keen ability to communicate complex matters to the public, as our person in the region.” Cohen most recently was morning co-anchor on Los Angeles’ “Good Day LA” on KTTV-TV “FOX 11.”…..PodcastOne adds to its slate of True Crime genre podcasts with the addition of “True Crime All the Time Unsolved” and “This is MONSTERS.” PodcastOne will spearhead the production, sales, distribution and marketing for both shows. Created by Ohio-based bankers Mike Ferguson and Mike Gibson in January of 2017, “True Crime All the Time Unsolved” is a weekly series that guides listeners through the most interesting unsolved true crime stories to ever happen. “This is MONSTERS” began as a pandemic project YouTube show from Washington state-based construction worker Jiles whose interest in some of the gnarliest crimes in history sparked an idea to share that fascination with a worldwide audience resulting in a show, and now podcast, that is heard by millions around the globe…..Audacy’s C13Originals announces a partnership with Campside Media and the launch of “Fallen Angel,” an investigative documentary podcast series about Victoria’s Secret, co-hosted by veteran longform journalist Vanessa Grigoriadis, who also serves as writer, and Justine Harman, former features director of Glamour. “Fallen Angel” investigates the origin story of Victoria’s Secret, one of the world’s most iconic brands, and its effect on American culture for nearly 40 years, as told by women who witnessed what really happened behind the curtain. Through insider, first-person accounts from former Victoria’s Secret models, “Fallen Angel” reveals shocking horror stories of how their quest to be part of the elite group of models walking the runway led them down a dangerous path of eating disorders, poor health, depression, anxiety, and other issues.

Supply Chain Crisis, Oil Prices/Inflation, Debt Ceiling/Biden Spending Bills, COVID-19, January 6 Investigation, Jon Gruden Case, and ‘Squid Game’ Among Top News/Talk Stories Yesterday (10/12). The broken global supply chain’s effect on the U.S. economy; near-record high oil prices and the inflation affecting retail prices; the battle in Congress to raise the debt ceiling and the negotiations over President Joe Biden’s $1 trillion infrastructure bill and the $3.5 trillion reconciliation bill; the rate of COVID-19 cases in the U.S. and the controversy over mask & vaccine mandates; the investigation into the January 6 Capitol attack; NFL coach Jon Gruden resigns from the Raiders due to racist emails; and Netflix’s controversial hit series “Squid Games” were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Pending Business: 2022

| September 20, 2021

By Steve Lapa
Lapcom Communications Corp
President

 

PALM BEACH GARDENS, Fla. — Seriously?

We haven’t even hit Q4 of 2021 and we’re talking 2022?

Yes, and yes for sure. As we push into October and the balance of Q4, before you can hit the send button, 2022 will be on your budgeting agenda. Start thinking now about how key metrics will play into your game planning for next year. This cycle will require more thought as we navigate the sales recovery from a COVID-impacted 2021.

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